DZP has advised the owners of DCC Labs, a Warsaw-based company which designs solutions for digital television and the Internet, on their sale of the company to American SeaChange International Inc. The transaction closed on May 6, 2016, and SeaChange paid approximately USD 8 million in cash and SeaChange stock for DCC Labs.
According to a SeaChange press release, DCC Labs is expected to contribute an additional several million dollars of revenue annually to SeaChange. The transaction is expected to be accretive in fiscal 2017, as well as provide an anticipated one-year payback through synergies and cost savings that SeaChange will begin to realize immediately. The transaction includes a lock-up provision for the SeaChange stock that unwinds over a three-year period.
DCC Labs was owned in part by 7bulls.com Sp. z o.o., a private group of software development and integration companies focused on delivering advanced technologies and IT solutions for large enterprises throughout the Americas, Asia and Europe in a range of industries including finance, automotive, retail, and media.
The DZP team consisted of Peter Andrzejczak, Przemyslaw Furmaga, Maciej Ciszkiewicz, Adam Pawlisz, Andrew Dunikowski, Joanna Wierzejska, Grzegorz Sprawka, David Sergeant, and Maciej Zelewski.
